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Dec 27, 2012
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like environment of degradation. -- environmental degradation. there is whole movement to create new shareholders as well as to increase awareness. do you see this movement as the problem, and any change that can come from? -- as fadish, a different type of shareholder and any change can come from that? >> again, a wonderful question. i do not want to leave people a question that shareholders had no role in the governance of firms. i think they should be long- term shareholders, among other things. i also think there is a very positive role that can be played by shareholder involvement in corporate governance when it wishes corporations to behave in a more responsible, sustainable fashion. i will tell you how i get there. one of the conclusions are reached promote my studies of the business world and my involvement in the business world -- i actually sit on the board of a mutual fund. you can understand my heart is with the mom-and-pop retail shoulders -- the mom-and-pop retail shareholders are the people whose interest the represent. i am keenly
like environment of degradation. -- environmental degradation. there is whole movement to create new shareholders as well as to increase awareness. do you see this movement as the problem, and any change that can come from? -- as fadish, a different type of shareholder and any change can come from that? >> again, a wonderful question. i do not want to leave people a question that shareholders had no role in the governance of firms. i think they should be long- term shareholders, among...
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Dec 27, 2012
12/12
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this kind of consumerism, which destroys the environment, which creates circumstances of the devolution of living standards -- this is the result of the global surplus recycling, which is why this squeezing of the delights of the workers to keep prices low, but to keep the price is lower than germany or japan, to keep the capital coming here, to keep the german and japanese finance going. i don't believe in pointing fingers at anyone. we are all part of this system that we have created over the last few decades. which met its nemesis because of its hubris. >> i would like to ask three questions. one is to summarise, briefly, what did happen in greece? why did we slide further down in the world? number two, could you please summarize an alternative approach? what could, for example, the greek prime minister have done instead of what they did it? and third, there is a hamiltonian economic system from 1789 that created a great america before america became a global power -- could that help greece? >> i will answer your questions starting at the beginning. what happened in greece? we create
this kind of consumerism, which destroys the environment, which creates circumstances of the devolution of living standards -- this is the result of the global surplus recycling, which is why this squeezing of the delights of the workers to keep prices low, but to keep the price is lower than germany or japan, to keep the capital coming here, to keep the german and japanese finance going. i don't believe in pointing fingers at anyone. we are all part of this system that we have created over the...
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Dec 27, 2012
12/12
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if you get a more benign environment, that energy would burst forth. host: jkl tweets in, raise in the tops tax rate will not make a dent in the annual deficit. money gravitates to tax write- offs and crafted loopholes. guest: that is what you are seeing happening in europe when they are raising tax rates. lower the rates, get rid of these massive deductions,, and you would see a cleaner code, and less corrupt code. host: valerie in new jersey on our line for democrats. caller: good morning. the more i listen to mr. forbes speak, i am reminded why the reasons why i have lately not been a consistent your of c- span -- viewer of c-span anymore. they twist the truth. there is no integrity and what is said anymore. if you look at the record of spending -- mr. forbes mentioned mr. obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept him out of the budget -- them out of the budget. was not paying for them, so things looked
if you get a more benign environment, that energy would burst forth. host: jkl tweets in, raise in the tops tax rate will not make a dent in the annual deficit. money gravitates to tax write- offs and crafted loopholes. guest: that is what you are seeing happening in europe when they are raising tax rates. lower the rates, get rid of these massive deductions,, and you would see a cleaner code, and less corrupt code. host: valerie in new jersey on our line for democrats. caller: good morning....
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110
Dec 27, 2012
12/12
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this kind of consumerism, which destroys the environment, which creates circumstances of the devolution of living standards -- this is the result of the global surplus recycling, which is why this squeezing of the delights of the workers to keep prices low, but to keep the price is lower than germany or japan, to keep the capital coming here, to keep the german and japanese finance going. we are all part of this system that we have created over the last few decades. which met its nemesis because of its hubris. >> i would like to ask three questions. why did we slide further down in the world? could you please summarize an alternative approach? what could, for example, the greek prime minister have done instead of what they did it? and third, there is an economic system from 1789 that created a great america before america became a global power -- of that help greece? >> i will answer your questions starting at the beginning. let me put it this way. in our country, because you come from greece, too, they have been monopolizing the headlines. imagine if there was a fiscal crisis in the gr
this kind of consumerism, which destroys the environment, which creates circumstances of the devolution of living standards -- this is the result of the global surplus recycling, which is why this squeezing of the delights of the workers to keep prices low, but to keep the price is lower than germany or japan, to keep the capital coming here, to keep the german and japanese finance going. we are all part of this system that we have created over the last few decades. which met its nemesis...